Erste Group Bank AG (OTCMKTS:EBKDY) Sees Large Decrease in Short Interest

Erste Group Bank AG (OTCMKTS:EBKDY) was the recipient of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 8,089 shares, a decrease of 31.8% from the February 12th total of 11,866 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 195,054 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 195,054 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Erste Group Bank Trading Down 3.6%

Shares of EBKDY opened at $51.91 on Monday. Erste Group Bank has a twelve month low of $29.50 and a twelve month high of $66.88. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $40.32 billion, a P/E ratio of 11.09, a PEG ratio of 0.49 and a beta of 0.86. The firm’s 50-day moving average is $61.09 and its two-hundred day moving average is $55.33.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Zacks Research raised Erste Group Bank from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Barclays raised Erste Group Bank from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, December 2nd. Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a report on Monday, November 24th. Finally, Citigroup raised Erste Group Bank to a “strong-buy” rating in a report on Wednesday, February 11th. Three equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy”.

Erste Group Bank Company Profile

Erste Group Bank AG is an Austrian banking group headquartered in Vienna that operates as a universal bank serving retail, corporate and institutional customers. The group offers a broad range of financial services including deposit-taking, lending, mortgage financing, payment and transaction banking, and wealth management. Erste Group also provides capital markets services, corporate and investment banking solutions, and a range of insurance and pension-linked products through partnerships and subsidiary operations.

Erste Group maintains a significant regional presence beyond Austria, with operations across several Central and Eastern European countries.